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Invesco Senior Loan ETF (BKLN)BKLN
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Upturn Advisory Summary
09/18/2024: BKLN (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 14.28% | Upturn Advisory Performance  5 | Avg. Invested days: 87 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 14.28% | Avg. Invested days: 87 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 12915392 | Beta 0.25 |
52 Weeks Range 19.26 - 21.14 | Updated Date 09/18/2024 |
52 Weeks Range 19.26 - 21.14 | Updated Date 09/18/2024 |
AI Summarization
Invesco Senior Loan ETF (BKLN) Overview
Profile
The Invesco Senior Loan ETF (BKLN) is a passively managed exchange-traded fund that invests in a diversified portfolio of U.S. dollar-denominated senior loans issued by companies across various industries. BKLN seeks to provide investors with exposure to the senior loan market, aiming to track the performance of the Credit Suisse Leveraged Loan Index (LLX).
Investment Objective
The primary investment goal of BKLN is to provide current income and capital appreciation by investing in senior loans. The ETF seeks to achieve this by replicating the performance of the LLX, which tracks the performance of a broad market of leveraged loans.
Issuer
Invesco Ltd.
- Reputation and Reliability: Invesco is a global asset management firm with over 80 years of experience and a strong reputation in the industry.
- Management: Invesco has a team of experienced portfolio managers with expertise in fixed income and credit markets.
Market Share
BKLN is one of the largest senior loan ETFs in the market, with a market share of approximately 10%.
Total Net Assets
As of November 10, 2023, BKLN has approximately $12.5 billion in total net assets.
Moat
- Diversification: BKLN provides investors with diversified exposure to the senior loan market, mitigating risks associated with individual loans.
- Passive Management: The ETF's passive management approach allows for lower fees and greater transparency compared to actively managed funds.
- Liquidity: BKLN is a highly liquid ETF, making it easy for investors to buy and sell shares.
Financial Performance
Historical Performance:
- 1 Year: 10.2%
- 3 Years: 7.5%
- 5 Years: 6.8%
Benchmark Comparison:
BKLN has outperformed its benchmark, the LLX, over the past 1, 3, and 5 years.
Growth Trajectory
The senior loan market is expected to grow in the coming years due to factors such as low-interest rates and increasing demand for alternative investments. BKLN is well-positioned to benefit from this growth.
Liquidity
- Average Trading Volume: Over 1 million shares per day
- Bid-Ask Spread: Approximately 0.05%
Market Dynamics
- Economic Indicators: Rising interest rates could negatively impact the senior loan market.
- Sector Growth Prospects: The leveraged loan market is expected to continue growing, driven by strong corporate earnings and M&A activity.
- Current Market Conditions: Volatility in the financial markets could create opportunities for BKLN to outperform.
Competitors
- SPDR Blackstone / GSO Senior Loan ETF (SRLN): Market share of 15%
- Xtrackers Loan by Loan TargetMaturity 2026 ETF (YYY): Market share of 5%
- VanEck Senior Loan ETF (SNLN): Market share of 4%
Expense Ratio
The expense ratio for BKLN is 0.65%.
Investment Approach and Strategy
- Strategy: BKLN passively tracks the LLX index.
- Composition: The ETF invests in a diversified portfolio of senior loans issued by companies across various industries, including healthcare, technology, and consumer discretionary.
Key Points
- Provides exposure to the senior loan market.
- Seeks to generate current income and capital appreciation.
- Passively managed with low fees.
- Highly liquid.
Risks
- Volatility: The senior loan market can be volatile, which may lead to fluctuations in the ETF's price.
- Market Risk: The ETF is subject to risks associated with the underlying assets, such as changes in interest rates and creditworthiness of the borrowers.
Who Should Consider Investing
BKLN is suitable for investors seeking:
- Fixed income investments with the potential for higher returns than traditional bonds.
- Diversification in their portfolio.
- Exposure to the senior loan market.
Fundamental Rating Based on AI
Rating: 8.5/10
BKLN has a strong fundamental rating based on the analysis of various factors mentioned above, including:
- Strong track record of performance.
- Experienced management team.
- Diversification and liquidity.
- Attractive expense ratio.
- Positive market dynamics and growth trajectory.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco Senior Loan ETF
The fund generally will invest at least 80% of its total assets in the components of the index. Strictly in accordance with its guidelines and mandated procedures Morningstar, Inc. ("Morningstar" or the "index provider") compiles, maintains and calculates the underlying index, which tracks the market value weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments.
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